How Travel Insurance Is Priced

Insurers price single-trip policies as a percentage of the trip's prepaid, non-refundable cost, scaled by trip length and destination. This calculator models the industry norm: a daily rate band (0.45–0.75% of trip cost per day) with a 40% international surcharge, extra-traveler loading at 90% of the primary rate, and deductible discounts of 10–20%.

What You're Actually Buying

A policy bundles trip cancellation/interruption with emergency medical coverage and, on most plans, baggage delay and travel assistance. Medical limits run $100k on Essential plans up to $500k on Premium — the coverage that matters most abroad, where your domestic health plan usually doesn't apply. Read the fine print for covered reasons; they vary by insurer.

When Add-ons Make Sense

Cancel For Any Reason waives the covered-reason requirement and refunds 50–75% of trip cost, but it must be purchased within days of your first trip payment and adds ~15% to the premium. Adventure sports coverage (~20%) only matters if you plan risky activities — skiing, diving, climbing — that base policies typically exclude.